Wageday Advance Reviews [Read Our Expert Opinion]

About

Wage Day Advance is short-term loan providers based in Yorkshire, offering loans of £80 to £1,000. They operate as part of CURO Financial Technologies Corp, who is an international financial services company, providing a range of cash loan solutions. Loans are available for between one to six-month duration, and the amount a customer can borrow is dependent on their credit score which is determined by a full credit check.

Wage Day Advance can release funds within one hour of approval and offer the option to pay back early and save interest. The online application process is simple and fast, however, on occasion, they may be unable to process a claim online and will require the borrower to supply supporting documentation before making an approval decision.

They offer two different options for short-term loans; WageDayAdvance Loan and Advance Plus Loan. The WageDayAdvance Loan allows individuals to borrow between £80 and £500 if they are a new customer, and up to £750 for existing customers. These loans can be paid back over one, two or three months. An Advance Plus Loan is for customers looking to borrow for a more extended period, with funds available between £100 and £1,000, to be paid back over four, five or six months.

Summary

Wage Day Advance provides an excellent service for borrowers looking for a quick and easy short-term loan from a company they can trust. While their APR and late payment charges can be high, they provide the advantage of a simple online application process and funds released within one hour.

Being a UK based company with local call centres provides their customers with plenty of options for getting in touch, and the Wage Day Advance website is very comprehensive with a lot of information on their services and general loan advice. Wage Day Advance currently has 2,206 reviews on feefo.com with an overall rating of 4.8 out of five, showing they have a large customer base with the majority satisfied with the service provided.

By providing two different options for short-term finance, Wage Day Advance allow customers to pick a loan that is suited to them and their specific circumstances. Their representative APR is 1281.8%, and Wage Day Advance provides an online loan calculator, so customers have full transparency on how much they can borrow and how much the interest charges will be depending on their loan duration.

Trust & Reputation

Rated 4.3/5

Wage Day Advance is a trading style of CURO Transatlantic Limited, a large financial lending organisation with worldwide customers. Being part of a large corporation provides borrowers with peace of mind as they are a reputable business with a large customer base.

They are authorised and regulated by the Financial Conduct Authority, so they abide by all industry best practices. They also abide by the Good Practice Customer Charter and are registered with the Information Commissioner’s Office.

Trust & Reputation

Rated 4.3/5

Wage Day Advance is a trading style of CURO Transatlantic Limited, a large financial lending organisation with worldwide customers. Being part of a large corporation provides borrowers with peace of mind as they are a reputable business with a large customer base.

They are authorised and regulated by the Financial Conduct Authority, so they abide by all industry best practices. They also abide by the Good Practice Customer Charter and are registered with the Information Commissioner’s Office.

Customer Service

Rated 4.3/5

The majority of the online reviews on Wage Day Advance mention that the customer services team are very helpful and efficient. Many comments on the team’s friendly nature and the ability to release funds quickly.
As the Wage Day Advance team is based in the UK, there is no issue with language barriers or incompatible time zones. The customer services team are available to contact seven days a week by phone, email or post. The simple and easy online application process provides an excellent service to borrowers, with many not needing to contact the Wage Day Advance team at all.